The majority of voters seem to be in favour of a capital gains tax, as a
way of spreading out the revenue base more evenly. Obviously there are
certain powerful lobby groups -- the ones benefiting from not having to
pay tax on that part of their income -- who have successfully kept it out
of serious discussion for many years.

So it?s quite a big step for Labour to make a move, as small as it is,
towards making it a part of their taxation policy. And predictably, we see
one side saying it?s a step too far, while the other side says it doesn?t
go far enough.

--- PyGate Linux v1.5
* Origin: Dragon's Lair, PyGate NNTP<>Fido Gate (3:633/10)

Lawrence D?Oliveiro <ldo@nz.invalid> wrote:

The majority of voters seem to be in favour of a capital gains tax

Cite? I doubt you can find one.

, as a
way of spreading out the revenue base more evenly. Obviously there are >certain powerful lobby groups -- the ones benefiting from not having to
pay tax on that part of their income -- who have successfully kept it out
of serious discussion for many years.

So it?s quite a big step for Labour to make a move, as small as it is

There are so many exemptions that it is meningless.

,
towards making it a part of their taxation policy. And predictably, we see >one side saying it?s a step too far, while the other side says it doesn?t
go far enough.

--- PyGate Linux v1.5
* Origin: Dragon's Lair, PyGate NNTP<>Fido Gate (3:633/10)

On Tue, 28 Oct 2025 22:51:11 -0000 (UTC), Lawrence D?Oliveiro
<ldo@nz.invalid> wrote:

The majority of voters seem to be in favour of a capital gains tax, as a
way of spreading out the revenue base more evenly. Obviously there are >certain powerful lobby groups -- the ones benefiting from not having to
pay tax on that part of their income -- who have successfully kept it out
of serious discussion for many years.

So it?s quite a big step for Labour to make a move, as small as it is, >towards making it a part of their taxation policy. And predictably, we see >one side saying it?s a step too far, while the other side says it doesn?t
go far enough.

It's a damn stupid idea. It's a tax on inflation. It's just another
tax to add to all the other taxes. Nowhere have the likes of Hipkins
suggested that some other taxes be reduced in order to keep the tax
revenue the same.

We are told that the family home will not be taxed. You believe that?
Whenever a new tax is introduced it gives politicians an opportunity
to expand it at a later date. You would have to be a fool to think
that a CGT would not eventually apply to the family home, and other
things of value.

And how about if there is a property crash? Does that entitle taxable
property owners to receive a capital loss tax rebate?

No. I thought not.

Bill.

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--- PyGate Linux v1.5
* Origin: Dragon's Lair, PyGate NNTP<>Fido Gate (3:633/10)

Those who benefit from a tax loophole obviously want to keep doing it,
don?t they?

--- PyGate Linux v1.5
* Origin: Dragon's Lair, PyGate NNTP<>Fido Gate (3:633/10)

Lawrence D?Oliveiro <ldo@nz.invalid> wrote:

Those who benefit from a tax loophole obviously want to keep doing it,
don?t they?

Probably, but which imaginary loophole are you fantasising about?

--- PyGate Linux v1.5
* Origin: Dragon's Lair, PyGate NNTP<>Fido Gate (3:633/10)

On Wed, 29 Oct 2025 04:52:44 -0000 (UTC), Lawrence D?Oliveiro
<ldo@nz.invalid> wrote:

Those who benefit from a tax loophole obviously want to keep doing it,
don?t they?

Anything that is untaxed is a loophole.

Have I got that right?

Bill.

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Tony <lizandtony@orcon.net.nz> wrote:

Lawrence D?Oliveiro <ldo@nz.invalid> wrote:

The majority of voters seem to be in favour of a capital gains tax

Cite? I doubt you can find one.

, as a
way of spreading out the revenue base more evenly. Obviously there are >>certain powerful lobby groups -- the ones benefiting from not having to >>pay tax on that part of their income -- who have successfully kept it out >>of serious discussion for many years.

So it?s quite a big step for Labour to make a move, as small as it is

There are so many exemptions that it is meningless.

,
towards making it a part of their taxation policy. And predictably, we see >>one side saying it?s a step too far, while the other side says it doesn?t >>go far enough.

Lawrence D?Oliveiro is a diehard marxists and would be in favor of
anything that killed the economy.

--- PyGate Linux v1.5
* Origin: Dragon's Lair, PyGate NNTP<>Fido Gate (3:633/10)

On Tue, 28 Oct 2025 22:51:11 -0000 (UTC), Lawrence D?Oliveiro
<ldo@nz.invalid> wrote:

The majority of voters seem to be in favour of a capital gains tax, as a
way of spreading out the revenue base more evenly. Obviously there are >certain powerful lobby groups -- the ones benefiting from not having to
pay tax on that part of their income -- who have successfully kept it out
of serious discussion for many years.

So it?s quite a big step for Labour to make a move, as small as it is, >towards making it a part of their taxation policy. And predictably, we see >one side saying it?s a step too far, while the other side says it doesn?t
go far enough.

No party advocating a CGT prior to an election has ever been elected
to government in NZ. Just how many voters are there that own two or
more residential properties? When people pass away, the executor will
sell property (including real estate) not explicitly bequeathed - will
the GCT apply here (when we currently have inheritance taxes set at
$0)?


--
Crash McBash

--- PyGate Linux v1.5
* Origin: Dragon's Lair, PyGate NNTP<>Fido Gate (3:633/10)

On Wed, 29 Oct 2025 17:36:57 +1300, BR wrote:

It's a tax on inflation.

But surely, if taxing something that people produce is a discouragement on them producing more, and inflation is not something we want more of, then ?taxing inflation? must be a good idea?

--- PyGate Linux v1.5
* Origin: Dragon's Lair, PyGate NNTP<>Fido Gate (3:633/10)

On Thu, 30 Oct 2025 05:03:01 +1300, BR wrote:

On Wed, 29 Oct 2025 04:52:44 -0000 (UTC), Lawrence D˜Oliveiro <ldo@nz.invalid> wrote:

Those who benefit from a tax loophole obviously want to keep doing it,
don?t they?

Anything that is untaxed is a loophole.

Have I got that right?

A suitably passive-aggressive response from someone with whom I have
struck a nerve, obviously.

--- PyGate Linux v1.5
* Origin: Dragon's Lair, PyGate NNTP<>Fido Gate (3:633/10)

On Wed, 29 Oct 2025 22:18:04 -0000 (UTC), Lawrence D?Oliveiro
<ldo@nz.invalid> wrote:

On Wed, 29 Oct 2025 17:36:57 +1300, BR wrote:

It's a tax on inflation.

But surely, if taxing something that people produce is a discouragement on >them producing more, and inflation is not something we want more of, then >?taxing inflation? must be a good idea?

Are you serious? Inflation is a byproduct of economic activity. There
is a vast difference between a product and a byproduct.


--
Crash McBash

--- PyGate Linux v1.5
* Origin: Dragon's Lair, PyGate NNTP<>Fido Gate (3:633/10)

On 2025-10-29 22:42:51 +0000, Crash said:

On Wed, 29 Oct 2025 22:18:04 -0000 (UTC), Lawrence D?Oliveiro <ldo@nz.invalid> wrote:

On Wed, 29 Oct 2025 17:36:57 +1300, BR wrote:

It's a tax on inflation.

But surely, if taxing something that people produce is a discouragement on >> them producing more, and inflation is not something we want more of, then
?taxing inflation? must be a good idea?

Are you serious? Inflation is a byproduct of economic activity. There
is a vast difference between a product and a byproduct.

"Inflation" is largely a byproduct of pure greed. Some useless moron in management wants a massive pay raise, so the company has to put up
their prices to cover it. That then causes a snowball effect as
everywhere else has to put up their prices to be able to buy that now
more expensive first product.



--- PyGate Linux v1.5
* Origin: Dragon's Lair, PyGate NNTP<>Fido Gate (3:633/10)

On Thu, 30 Oct 2025 15:18:02 +1300, Your Name <YourName@YourISP.com>
wrote:

On 2025-10-29 22:42:51 +0000, Crash said:

On Wed, 29 Oct 2025 22:18:04 -0000 (UTC), Lawrence D?Oliveiro
<ldo@nz.invalid> wrote:

On Wed, 29 Oct 2025 17:36:57 +1300, BR wrote:

It's a tax on inflation.

But surely, if taxing something that people produce is a discouragement on >>> them producing more, and inflation is not something we want more of, then >>> ?taxing inflation? must be a good idea?

Are you serious? Inflation is a byproduct of economic activity. There
is a vast difference between a product and a byproduct.

"Inflation" is largely a byproduct of pure greed. Some useless moron in >management wants a massive pay raise, so the company has to put up
their prices to cover it. That then causes a snowball effect as
everywhere else has to put up their prices to be able to buy that now
more expensive first product.

You may or may not be correct. The point is that inflation happens,
regardless of why, and this makes the impact of a CGT worse.


--
Crash McBash

--- PyGate Linux v1.5
* Origin: Dragon's Lair, PyGate NNTP<>Fido Gate (3:633/10)

On Wed, 29 Oct 2025 22:19:04 -0000 (UTC), Lawrence D?Oliveiro
<ldo@nz.invalid> wrote:

On Thu, 30 Oct 2025 05:03:01 +1300, BR wrote:

On Wed, 29 Oct 2025 04:52:44 -0000 (UTC), Lawrence D?Oliveiro
<ldo@nz.invalid> wrote:

Those who benefit from a tax loophole obviously want to keep doing it,
don?t they?

Anything that is untaxed is a loophole.

Have I got that right?

A suitably passive-aggressive response from someone with whom I have
struck a nerve, obviously.

Great answer to a question that wasn't asked.

Bill.

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--- PyGate Linux v1.5
* Origin: Dragon's Lair, PyGate NNTP<>Fido Gate (3:633/10)